The Cummins Foundation Inc
The Cummins Foundation Inc is a private foundation, based in COLUMBUS, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $57.9M in total assets. In 2024, it awarded 1 grants totaling $43.0M. Net investment income was $2.7M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$57.9M
-12.5% YoY
Annual Giving
$43.0M
+66.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$43.0M
+66.8% YoY
Under IRS private-foundation payout rules, The Cummins Foundation Inc reported a distributable amount of $3.0M for 2024 — the minimum it must pay out in qualifying distributions.
About The Cummins Foundation Inc
Based on IRS filings
The Cummins Foundation Inc is a private foundation, based in COLUMBUS, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $57.9M in total assets. In 2024, it awarded 1 grants totaling $43.0M. Net investment income was $2.7M.
Ready to take the next step with The Cummins Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $57,860,545 | $66,154,868 | $55,770,701 |
| Revenue | $36,135,183 | $36,601,849 | $31,868,569 |
| Expenses | $39,251,079 | $31,084,782 | $23,400,047 |
| Qualifying Distributions | $42,982,936 | $25,766,488 | $23,249,306 |
| Net Investment Income | $2,739,407 | $2,382,096 | $549,837 |
| Distributable Amount | $2,978,490 | $2,849,181 | $2,671,318 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attachment 1 ($42,982,936).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHMENT 1 Columbus, IN | VARIOUS. SEE ATTACHMENT 1 | $42,982,936 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TONYA SISCO | SECRETARY | 1 | — |
| WILL MILLER | DIRECTOR | 1 | — |
| SRIKANTH PADMANABHAN | DIRECTOR | 1 | — |
| MARK SMITH | DIRECTOR | 1 | — |
| JENNIFER RUMSEY | CHAIRMAN | 1 | — |
| NICOLE LAMB-HALE | Director | 1 | — |
| LYNDSEY TEETERS | Treasurer | 1 | — |
| SHARON BARNER | DIRECTOR | 1 | — |
| JIM SCHACHT | CHIEF EXECUTIVE OFFICER | 1 | — |
| TRAVIS MEEKS | SECRETARY | 1 | — |
| TONY SATTERTHWAITE | 0 | 1 | — |
Frequently Asked Questions
How large is The Cummins Foundation Inc?
As of 2024, The Cummins Foundation Inc holds $57.9M in total assets with $36.1M in annual revenue. It awarded 1 grants totaling $43.0M in 2024.
Where does The Cummins Foundation Inc operate?
The Cummins Foundation Inc has awarded grants in Indiana.
What size grants does The Cummins Foundation Inc award?
In 2024, The Cummins Foundation Inc awarded 1 grants totaling $43.0M — an average of about $43.0M per grant, based on its IRS Form 990 filings.
How much is The Cummins Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cummins Foundation Inc reported a distributable amount of $3.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cummins Foundation Inc's EIN?
The Cummins Foundation Inc's EIN (Employer Identification Number) is 35-6042373. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Cummins Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Lilly Endowment Inc
INDIANAPOLIS, IN
Assets
$79.9B
Grants
1,808
Total Given
$2.3B
Central Indiana Community Foundation Inc
INDIANAPOLIS, IN
Assets
$583.5M
Grants
525
Total Given
$31.1M
United Way of Central Indiana Inc
INDIANAPOLIS, IN
Assets
$255.2M
Grants
370
Total Given
$29.9M
Round Room Gives Inc
FISHERS, IN
Assets
$1.4M
Grants
357
Total Given
$1.8M
Lumina Foundation for Education Inc
INDIANAPOLIS, IN
Assets
$1.5B
Grants
357
Total Given
$30.0M
University of Notre Dame du Lac
NOTRE DAME, IN
Assets
$26.7B
Grants
356
Total Given
$42.0M
Indianapolis Center for Congregations Inc
INDIANAPOLIS, IN
Assets
$62.6M
Grants
336
Total Given
$7.6M
Nina Mason Pulliam Charitable Trust
INDIANAPOLIS, IN
Assets
$441.1M
Grants
328
Total Given
$22.7M
Nicholas H Noyes Jr Memorial
CARMEL, IN
Assets
$133.1M
Grants
284
Total Given
$4.4M
Community Foundation
ELKHART, IN
Assets
$461.3M
Grants
281
Total Given
$25.8M
Welborn Baptist Foundation Inc
EVANSVILLE, IN
Assets
$96.4M
Grants
274
Total Given
$4.0M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Cummins Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Cummins Foundation Inc to a real strategy.